Filed in Railroad Shipping
Friday, June 29, 2012
In a widely anticipated move, Class I railroad carrier Canadian Pacific Railway formally named Hunter Harrison as its president and chief executive office and a member of its Board of Directors.
Tuesday, June 26, 2012
Late last week, a U.S. District judge in the District of Columbia granted class action certification to shipper plaintiffs in a lawsuit which maintains that four United States-based Class I railroads—Burlington Northern Santa Fe, Union Pacific, Norfolk Southern Corp., and CSX—worked together , or colluded, on fuel surcharges assessed to shippers.
Friday, June 08, 2012
The Association of American Railroads (AAR) reported that carload and intermodal volumes were mixed in May, continuing an uneven trend of growth on the tracks.
Thursday, May 17, 2012
Class I railroad carrier Canadian Pacific Railway Ltd. said ahead of its annual shareholder meeting earlier today that Fred Green, president and CEO, has left the company. This move comes in the wake of a proxy vote by activist investor Bill Ackman, head of Pershing Square Capital Management, and the single largest CP shareholder with a 14.1 percent stake in the company.
Wednesday, April 25, 2012
The Norfolk, Virginia-based carrier reported first quarter net income of $410 million—or $1.23 per share—which was up 26 percent compared to the first quarter of 2011 and ahead of Wall Street expectations of $1.12 per share.
Friday, April 06, 2012
March carloads—at 1,123,298—were down 69,190 carloads or 1.9 percent annually. Intermodal—at 928,350 trailers and containers—was up 31,348 units or 2.4 percent compared to March 2011.
Friday, March 30, 2012
Carload volume—at 278,393—was down 7.2 percent annually and slightly below the week ending March 17 at 278,420.
Monday, March 26, 2012
Last week, the Department of Transportation’s Surface Transportation Board (STB) held a public hearing to explore the impact of Berkshire Hathaway’s acquisition of the BNSF Railway Company on “certain costing determinations.”
Friday, March 23, 2012
Carload volume—at 278,420—was down 5.3 percent annually and slightly below the week ending March 10 at 278,728 and also below the week ending March 3 at 283,312.
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Wednesday, March 14, 2012
Class I railroad carrier CN said this week it has introduced new import/export container train services between the Port of Prince Rupert, British Columbia and Calgary and Edmonton, effective June 2012.